The Metals:
Gold
climbed $12.60 to $1288.30 by midmorning in New York before it chopped
back lower at times, but it still ended with a gain of 0.63%. Silver rose to as high as $19.549 and ended with a gain of 0.31%.
Euro gold rose to about €979, platinum gained $4.25 to $1408.25, and copper remained at about $3.13.
Gold
and silver equities traded mostly slightly higher for most of the day,
but they then drifted back lower in the last couple of hours of trade
and ended near unchanged.
The Economy:
Report
|
For
|
Reading
|
Expected
|
Previous
|
Initial Claims
|
7/13
|
334K
|
348K
|
358K
|
Philadelphia Fed
|
July
|
19.8
|
5.3
|
12.5
|
Leading Indicators
|
June
|
0.0%
|
0.3%
|
0.2%
|
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the U.S. dollar index on mostly better than expected economic data that sent treasuries lower.
The Dow, Nasdaq, and S&P rose on positive earnings reports and economic optimism.
Among the big names making news in the market today were Dell, Morgan Stanley, Resolution, Johnson Controls, and Men’s Wearhouse.
GATA Posts:
The Statistics:
As of close of business: 7/17/2013
Gold Warehouse Stocks:
|
7,079,476.611
|
-32,347.089
|
Silver Warehouse Stocks:
|
166,904,632.659
|
-119,120.01
|
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
Product name
|
Total Tonnes
|
Total Ounces
|
Total Value
| |
New York Stock Exchange Arca (NYSE Arca)
AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong
Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)
|
SPDR® Gold Shares
|
936.070
|
30,095,575
|
US$38,609m
|
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
|
Gold Bullion Securities
|
138.13
|
4,441,056
|
US$5,701m
|
London
Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND
Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext
Amsterdam
|
ETFS Physical Gold
|
152.66
|
4,908,200
|
US$8,004m
|
Australian Stock Exchange (ASX)
|
Gold Bullion Securities
|
11.16
|
358,789
|
US$462m
|
Johannesburg Securities Exchange (JSE)
|
New Gold Debentures
|
42.54
|
1,367,758
|
US$1,774m
|
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.502 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 178.24: -0.76 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,209.00: No change from yesterday’s data.
Gold
Resource’s (GORO) second quarter production and Timmins Gold’s (TGD)
second quarter production were among the big stories in the gold and
silver mining industry making headlines today.
WINNERS
1. Allied Nevada
|
ANV +5.66% $6.53
|
2. Rio Alto
|
RIOM +4.17% $2.25
|
3. Comstock
|
LODE +2.58% $1.99
|
LOSERS
1. Alexco
|
AXU -8.06% $1.14
|
2. Buenaventura
|
BVN-4.06% $13.47
|
3. Agnico-Eagle
|
AEM-3.29% $27.08
|
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.